Director at Northpointe Bancshares (NPB) awarded 2,606 restricted stock units
Rhea-AI Filing Summary
Boer Carrie L reported acquisition or exercise transactions in this Form 4 filing.
Northpointe Bancshares Inc. director Carrie L. Boer received a grant of 2,606 restricted stock units (RSUs). These RSUs were awarded at no cash cost and each unit represents the right to receive one share of Northpointe’s common stock.
The RSUs vest in three approximately equal annual installments on May 13 of 2027, 2028, and 2029. After this grant, Boer directly holds 2,606 RSUs linked to the company’s common stock, reflecting a routine equity-based compensation award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insights
Director received routine RSU grant vesting over three years.
Northpointe Bancshares Inc. granted director Carrie L. Boer 2,606 restricted stock units as equity compensation. Each RSU corresponds to one share of common stock and was issued at a stated price of $0.00, indicating a standard, non-cash award structure.
The RSUs vest in three roughly equal annual tranches on May 13, 2027, May 13, 2028, and May 13, 2029. This staggered vesting encourages continued board service and aligns the director’s interests with long-term shareholder outcomes, but does not involve any open-market trading.
Following this grant, Boer holds 2,606 RSUs tied to common stock with no remaining derivative positions listed in this filing. As a compensation-related award using code A (grant/award acquisition), it carries limited informational value about the director’s view of the stock price compared with an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 2,606 | $0.00 | -- |
Footnotes (1)
- Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.